The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in air based defense equipment manufacturing, thus driving the market during the forecast period.

The global air based defense equipment market is expected to grow from $201.76 billion in 2022 to $219.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The air based defense equipment market is expected to grow to $279.66 billion in 2027 at a CAGR of 6.2%.

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Global Air-Based Defense Equipment Market Segments Include:

• By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones
• By Operation: Autonomous Air based Defense Equipment, Manual
• By Component: Weapon System, Fire Control System, Command and Control System, Others
• Subsegments Covered: Conventional Take-off and Landing Aircraft, Short Take-off and Landing Aircraft, Vertical Take-off and Landing Aircraft, Light Helicopters, Medium Helicopters, Heavy Helicopters, Visual Line Of Sight (VLOS), Extended Visual Line Of Sight (EVLOS), Beyond Visual Line Of Sight (BVLOS)
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global air based defense equipment market in 2021.

Major Market Players in the air based defense equipment market include Lockheed Martin Corporation; Airbus Group SE; The Boeing Company; Leonardo SpA; Bae Systems plc; Raytheon Technologies Corporation.

Companies in the air-based defense equipment manufacturing market are using 3D printing technology to develop lightweight structures as well as non-structural military aircraft parts. 3D printing technology can be used to build three-dimensional objects using digital models by laying down successive layers of material. 3D printing is used in air-based equipment manufacturing to create military aircraft parts with complex geometries quickly and at a low cost. The technology creates three-dimensional models of aircraft parts using metals, plastics, polymers, ceramics, and other derivatives. For instance, in March 2021, Saab AB, a Sweden-based aerospace and defense company announced the successful completion of the trial that was the first time an external, as opposed to internal, 3D-printed part has been flown on a Gripen aircraft. A replacement hatch for the Gripen was 3D-printed using additive manufacturing and a nylon polymer known as PA2200. With the help of this research, fighter aircraft that have been damaged while being used in remote operations could be repaired quickly and gain a crucial time-saving advantage.

The Air Based Defense Equipment Global Market Report 2023 provides a air based defense equipment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air based defense equipment market forecast analyzes air based defense equipment market size, air based defense equipment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The air-based defense equipment refers to support and auxiliary equipment used in air-based defense operations such as aircraft, and radars. The main components of air-based defense equipment or systems include mobile pieces in air and composite installations on ground.

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